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Dissemination Standards Bulletin Board Special Data Dissemination Standard (AS PROVIDED TO THE IMF BY THE RESPECTIVE COUNTRY)   Euro Area Exchange rates Last Posted: Mar-13-2009 Last Updated: Mar-5-2009 Contact Person(s)          Printer Friendly Page   Front Office Division, European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany   Phone : 49 69 13 44 (34 01), or (34 02), or (34 03)   Fax : 49 69 13 44 62 32   Email : front.office@ecb.europa.eu  Dissemination Formats Summary Methodology Access National Summary Data Page Cross-country comparisons: access the DSBB metadata query facility

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	5.1.1 Statistical presentation The euro foreign exchange reference rates are based on the regular daily concertation procedure between central banks within and outside the European System of Central Banks, which normally takes place at 2.15 p.m. (C.E.T.). Reference rates are available for the following currencies: US dollar, Japanese yen, Bulgarian lev, Czech koruna, Danish krone, Estonian kroon, Pound sterling, Hungarian forint, Lithuanian litas, Latvian lats, Polish zloty, New Romanian leu, Swedish krona, Swiss franc, Norwegian krone, Croatian kuna, Russian rouble, Turkish lira, Australian dollar, Brazilian real, Canadian dollar, Chinese yuan renminbi, Hong Kong dollar, Indonesian rupiah, Indian rupee, South Korean won, Mexican pesso, Malaysian ringgit, New Zealand dollar, Philippine peso, Singapore dollar, Thai baht, South African rand, Icelandic krona. The reference rates are based on the relevant price prevailing in the market at this point in time.
Periodicity	4.1.1 Periodicity Daily in accordance with the TARGET calendar. The TARGET calendar sets the business days for TARGET2, the real-time gross settlement system for the euro, and as such determines via its calendar when euro-area capital markets are opened. The euro foreign exchange reference rates are published only for TARGET business days. For more info: (http://www.ecb.europa.eu/paym).
Timeliness	4.1.2 Timeliness Released both by electronic market information providers and on the ECB's website shortly after the concertation procedure has been completed.
Access by the Public
Advance dissemination of release calendar	5.1.3 Advance release calendar See the TARGET calendar published on the ECB website.
Simultaneous release to all interested parties	5.1.4 Simultaneous release The data are released through an electronic device which transmits the rates simultaneously to electronic market information providers and the ECB's web page: http://www.ecb.europa.eu/stats/exchange/eurofxref/.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information	0.1.1 Responsibility for collecting, processing, and disseminating statistics European Central Bank The collection of statistical information for the fulfillment of the tasks of the European System of Central Banks (ESCB) is based on Article 5 of the Statute of the European System of Central Banks and the European Central Bank (the Statute) and carried out under Council Regulation (EC) No. 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (Official Journal of the European Union L 318 p.8.). Exchange rates The basic definition of foreign exchange reference rates is given in an ECB press release (September 28, 2000 - available on the ECB's web site, see (http://www.ecb.europa.eu/press/pr/date/2000/html/pr000928_1.en.html). For a more detailed description about this subject, see the article "Foreign exchange rate policy framework" published by the ECB in its Annual Report 1998 (pages 70-75). 0.1.3 Confidentiality of individual reporters' data European Central Bank The confidentiality regime of statistical information for the fulfillment of the tasks of the European System of Central Banks (ESCB) is protected by Article 8 of the Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination European Central Bank The Protocol on the Statute of the European System of Central Banks and of the ECB can be found on the ECB's website under the item "legal framework" (http://www.ecb.europa.eu/ecb/legal/pdf/en_protocol_18.pdf). For a complete overview of all legal documents in all European Union languages: (http://www.ecb.europa.eu/ecb/legal/html/index.en.html). The regulations have been published in the Official Journal of the European Communities, Council Regulation (EC) No 2533/98 in L318 dated 27.11.1998, ECB/2001/13 in L333 dated 17.12.2001, ECB/2002/4 in L151/11 dated 9.12.2002, ECB/2002/8 in L330 dated 6.12.2002, ECB/2003/10 in L250 dated 2.10.2003. The legal texts can also be obtained by contacting the Office for Official Publications of the European Union, L-2985 Luxembourg (info@opoce.cec.be). The Official Journal is published in the 11 official languages of the EU.
Identification of internal government access to data before release	1.2.2 Internal governmental access to statistics prior to release European Central Bank No officials outside the ECB/Eurosystem have access to the data before the release. Exchange rates No officials outside those participating in the concertation procedure have access to the data before the release.
Identification of ministerial commentary on the occasion of statistical releases	1.2.3 Attribution of statistical products European Central Bank There is no ministerial commentary on the occasion of statistical data release.
Provision of information about revision and advance notice of major changes in methodology	4.3.1 Revision schedule Data are final when released. No changes are foreseen to the compilation methodology for the near future.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques The release of euro foreign exchange reference rates represents a snapshot of market prices at a certain point in time. This procedure is not based on a special documentation. (See also summary methodology)
Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness	4.2.1 Internal consistency The euro foreign exchange reference rates are used by the national central banks, the BIS, and the European Commission. Private databases maintained by firms such as Bloomberg or Reuters may be used for consistency cross-checking.
Footnotes Last posted: Date IMF staff last posted an update to these metadata on the DSBB. Last certified: Date subscriber last officially certified the accuracy of these metadata. Last updated: Date subscriber last submitted an update of these metadata to the IMF.